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Funds News

Royal London to unfreeze UK property funds on Sept. 30

LONDON, Sept 21 (Reuters) - Royal London Asset Management said on Monday it will reopen its suspended Royal London Property Fund and Royal London Property Trust on Sept. 30.

The UK property funds were frozen in March, along with many others in the sector, due to uncertainty about valuations as a result of the coronavirus pandemic. Surveyors lifted that uncertainty warning earlier this month.

Royal London said on its website that if there were liquidity concerns in the funds, it may need to sell real estate assets below market value to raise cash. (Reporting by Carolyn Cohn; editing by Simon Jessop)

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